Earnings

Schaeffler's 2014 profit rises by more than half

March 26, 2015 13:09 CET

German part supplier Schaeffler said its operating profit jumped by more than 50 percent to 1.52 billion euros ($1.67 billion) in 2014 because of robust demand for cars in U.S. and China. Its operating margin climbed to 12.6 percent in 2014 from 9.0 percent in 2013....
Read More »

PSA may hit operating margin target earlier than planned, CFO says

March 23, 2015 13:15 CET

PSA could reach its main recovery target of achieving a 2 percent operating margin before a 2018 goal, finance chief Jean-Baptiste de Chatillon said. The carmaker's shares today rejoined the benchmark CAC-40 index after a two-and-a-half-year absence....
Read More »

AutoCanada rises on dealership purchases, sounds caution for '15

1:26 pm U.S. ET | March 20, 2015

AutoCanada, the nation’s largest publicly traded dealership group, said earnings and revenue soared in the latest quarter and the full year, driven by the addition of 17 stores....
Read More »

BMW tones down profit-growth forecast as investment costs remain high

March 18, 2015 12:16 CET

BMW said it expects sales volume and profit will slow this year because of aging models and higher investment costs for new technologies....
Read More »

VW finance arm eyes record profit in 2015, CEO says

March 18, 2015 12:34 CET

Volkswagen's finance division is targeting 2015 operating profit that will not be below last year's record result of 1.7 billion euros ($1.80 billion), its CEO Frank Witter said....
Read More »

Porsche SE faces payment of 428 million euros in tax arrears

March 18, 2015 12:10 CET

Porsche SE is facing the payment of 428 million euros ($454 million) in tax arrears this year dating back to the period when the company tried to take over Volkswagen. The payment may shrink Porsche SE's net liquidity and cap dividend payouts, finance chief Hans Dieter Poetsch said....
Read More »

Skoda profit jumps 46% in 2014 on record sales

March 16, 2015 14:39 CET

Skoda raised net profit by 46 percent to 665 million euros in 2014 after selling more than 1 million cars for the first time in its history....
Read More »

VW identifies half of planned 5 billion euros in cuts

March 12, 2015 11:50 CET

VW Group has identified cost cuts worth about half of the planned 5 billion euro ($5.29 billion) target at its core passenger-car brand. VW could discontinue its three-door Polo as part of the savings program, CEO Martin Winterkorn said, a move that would save millions....
Read More »

BMW profit rises 14% on X5, 2-series demand

March 12, 2015 13:08 CET

BMW said profit increased 14 percent to 9.12 billion euros ($9.66 billion) last year as the X5 SUV and 2-series Active Tourer compact minivan helped drive record sales. The automaker's profit margin widened to 9.6 percent of revenue from 9.4 percent in 2013....
Read More »

NEWS ANALYSIS

GM capital plan may delay credit rating upgrade

4:11 pm U.S. ET | March 11, 2015

General Motors' decision this week to give back up to $10 billion to shareholders over the next two years will likely delay one of its important goals: achieving a top-tier credit rating that would benefit its growing auto finance unit....
Read More »

Audi sees lower profitability as it invests to boost sales

March 10, 2015 12:31 CET

Audi is targeting another year of record car sales in 2015, but said profitability could slip further amid spending on technology, foreign expansion and plans to increase its model range to 60 vehicles by 2020....
Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ghosn sees Renault-Nissan passing No. 3 GM by 2018

March 9, 2015 06:15 CET

Renault-Nissan CEO Carlos Ghosn remains confident that by 2018 his seven-brand alliance will rank as one of the world's three largest automakers. Ghosn discussed topics including the sales race and Dacia's success with Automotive News Europe....
Read More »

VW makes progress on China-built budget brand

March 9, 2015 15:04 CET

VW Group is moving toward adding a no-frills brand in China after delays caused by the automaker's efforts to reduce costs on the project. VW has said the car will be priced at 6,000 to 7,000 euros....
Read More »

JAMES B. TREECE

Why GAAP and the bottom line matter

12:01 am U.S. ET | March 9, 2015

Generally accepted accounting principles, or GAAP, is how accountants keep score across highly different industries. By agreeing to tally the figures in a consistent way, accountants provide scorecards that investors can review with confidence. So I take note how often publicly traded dealership groups present their earnings on an "adjusted" basis rather than on a GAAP basis....
Read More »

PSA's blue-chip index comeback may spur recovery

March 6, 2015 10:40 CET

PSA will return to France's benchmark CAC-40 index, stock market operator Euronext said, delivering a likely boost to the carmaker as it emerges from a prolonged European sales slump and bailout....
Read More »

Continental 'interested' in being partner on possible Apple car

March 5, 2015 11:50 CET

Continental would be interested in acting as partner for technology giant Apple if the tech company decides to build a car, CEO Elmar Degenhart said....
Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Bentley, Maserati, Lambo big winners in surging niche

March 2, 2015 06:01 CET

Ultraluxury carmakers Bentley, Lamborghini, Rolls-Royce and Maserati are experiencing unprecedented success. Strong demand for those brands -- as well as Ferrari and Aston Martin -- has forecasters predicting the niche will grow by nearly 40 percent between now and 2020....
Read More »

VW Group reports record profit on Audi, Porsche gains

Feb. 27, 2015 15:56 CET

VW Group said its operating profit rose 8.8 percent to a record 12.7 billion euros ($14.25 billion) last year on double-digit gains in sales of luxury Audi and Porsche models. The company said its sales revenue rose 2.8 percent to a new high of 202.5 billion euros....
Read More »

Federal-Mogul delays split into two public companies

9:58 am U.S. ET | Feb. 26, 2015

Federal-Mogul, the powertrain and aftermarket parts supplier controlled by Wall Street investment mogul Carl Icahn, said this week it will delay a prior plan to split into two separate public companies during the first half of this year....
Read More »

Daimler plans years of cost cuts to offset investments to reduce CO2 emissions

Feb. 26, 2015 10:26 CET

Daimler plans to offset higher costs for technology to cut CO2 emissions with material cost savings for at least the next few years, Chief Financial Officer Bodo Uebber said....
Read More »

Volvo boosts 2014 profit by 17% on record sales

Feb. 26, 2015 08:31 CET

Volvo said its 2014 operating profit rose 17 percent in its best year of sales to date as rapid expansion in China and recovery in Europe offset the brand's continued weakness in the U.S....
Read More »

Lithia Q4 net income jumps 50% as it makes acquisitions top priority

9:38 am U.S. ET | Feb. 25, 2015

Strong sales across all divisions and the integration of its purchase last year of DCH Auto Group pushed Lithia Motors' net income up 50 percent during the fourth quarter....
Read More »

Magna cuts sales forecast on weak Europe demand, approves stock split

7:01 am U.S. ET | Feb. 25, 2015

Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe....
Read More »

Valeo sees further profit gain after beating 2014 goal

Feb. 25, 2015 10:33 CET

Valeo is targeting a further boost in profitability this year after exceeding its 2014 goals on strong demand for emissions-cutting technologies and intuitive driving systems. The company's operating profit margin rose to 7.2 percent last year beating a 7 percent goal....
Read More »

Cooper Standard pares Q4 losses to $12.8 million

3:52 pm U.S. ET | Feb. 24, 2015

Cooper-Standard Holdings Inc., facing foreign currency issues and soft sales on key programs in North America, said it lost $12.8 million in the fourth quarter of 2014. That was an improvement over the $20.8 million it lost during the same quarter a year earlier....
Read More »

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
Special Report
A dealership of tomorrow built on yesterday's values

A dealership of tomorrow built on yesterday's values

A return policy inspired by Walmart. A talk-to-every (nearby) customer mandate. A no-cursing culture. These are just some of the hallmarks of Jenkins & Wynne Ford Lincoln Honda. Mon., March 23
» Watch the Video
     
News by Brand